Which of the following is not a common resource?
a. elephants in the wild
b. a narrow trail in a park
c. a neighborhood garden
d. Neither a nor b is a common resource.
c
Economics
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Billy's income elasticity of demand for ground beef is -0.5 and his income elasticity of demand for pork chops is 1.2 . Is ground beef a normal or inferior good? Explain. What about pork chops?
What will be an ideal response?
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What are the three categories of transactions in the balance of payments? Give an example of each
Economics